The Internal Revenue Department (DGII) included telecommunications in the applications of the SCT (the transitory joint contributions, a government euphemism for a short-term tax). These monies will be used to complete the resources needed to fulfill the demands of the IMF accords. Towards the end of last year, the monetary authorities came to an agreement with those entities that produced hard currency to substitute the SCT for a proposed 5% tax on exports as a means to guarantee the RD$600 million needed to honor the IMF standby accord. The DGII also decreed a tax on the villas at Casa de Campo. The new levies go into effect on 27 February.